DYDX-Long Swing Trade Idea(If BTC holds the level!)
Hello Guys ,
It's Saturday , a good day for analysis.
I'm gonna keep an eye on DYDX these days, because it looks pretty good so far and the reasons for that are :
1) DYDX is trading above the 1-YEAR RANGE/ACCUMULATION zone and we are testing it now again:
https://s3.tradingview.com/snapshots/y/Y1qlXW6D.png
2)Golden cross on 12h TF which should help a lot if BTC continue upwards
3) 12H FVG AREA + GOLDEN POCKET on Fibbo levels:
https://s3.tradingview.com/snapshots/a/AHDrhXw9.png
4) Testing and holding the Trending line
Keep in mind that :
We need to watch DXY ,because right now is rising and we need to see reject first! BTC so far is holding , the 23k/22k is good level for bounce but we can also reach 21k/21.6k , so first we need confirm on the big boys and then jump on DYDX.
For the StopLoss here , for me personally it will be below the last Swing low.
If anyone thinks I am wrong , please let me know
Appreciate all the constructive criticism.
Wish you all the best trades ,
Thanks!
It's Saturday , a good day for analysis.
I'm gonna keep an eye on DYDX these days, because it looks pretty good so far and the reasons for that are :
1) DYDX is trading above the 1-YEAR RANGE/ACCUMULATION zone and we are testing it now again:
https://s3.tradingview.com/snapshots/y/Y1qlXW6D.png
2)Golden cross on 12h TF which should help a lot if BTC continue upwards
3) 12H FVG AREA + GOLDEN POCKET on Fibbo levels:
https://s3.tradingview.com/snapshots/a/AHDrhXw9.png
4) Testing and holding the Trending line
Keep in mind that :
We need to watch DXY ,because right now is rising and we need to see reject first! BTC so far is holding , the 23k/22k is good level for bounce but we can also reach 21k/21.6k , so first we need confirm on the big boys and then jump on DYDX.
For the StopLoss here , for me personally it will be below the last Swing low.
If anyone thinks I am wrong , please let me know
Appreciate all the constructive criticism.
Wish you all the best trades ,
Thanks!
Trade active:
Hello guys, it seems like even with BTC dropping DYDX is holding very well, if BTC bounces, I believe our plan will play out perfectly.